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Coinbase CEO Reveals Company Holds Over $39 Billion Worth of BTC In Response to Now-Deleted Binance CEO Tweet

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As major crypto exchanges are intensifying efforts to assure customers and investors of their stability, Brian Armstrong, the CEO of Coinbase, has revealed that his company holds crypto reserves that include some BTC 2 million worth about $39.9 billion. “We hold ~2M BTC. ~$39.9B worth as of 9/30,” the CEO tweeted, making a reference to the company’s disclosed financial results for the third quarter of this year. “We all need to come together to build this industry in a responsible way going forward.

Be wary of false information,” according to Armstrong. The businessman also referred his followers to Coinbase’s shareholder letter for the same period of 2022.

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